Chesapeake Says Sale of Permian Assets on Track

By

Ben Lefebvre

Updated Sept. 6, 2012 2:21 p.m. ET

Chesapeake Energy Corp. still expects to sell its assets in west Texas and announce either a joint venture or an asset sale in its Mississippi Lime operations in the next few months, Chief Executive Aubrey McClendon said Thursday.

Chesapeake has been trying to sell $14 billion worth of assets to cut debt and finance the company's shift to oil drilling. The Oklahoma City-based company, like many natural-gas producers, saw cash flow...